14 Best Instant Loan Apps In India June 2022 [UPDATED]

Our list of Best Instant Loan Apps In India include SmartCoin, MoneyTap, Bajaj Finserve, and many others. Check out the leading personal loan applications in India to apply for an instant personal loan online with just your basic details and receive a speedy loan.

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Personal loan applications at traditional banks take a long time to process, and money lenders are notorious for charging exorbitant interest rates, making the procedure suspect. Personal loan applications have evolved as an outstanding idea to supply safe and hassle-free instant cash loans in India within one hour in this entire financial setting. We have highlighted the top 14 most trusted loan apps in India in this article.

Top 14 Best Instant Loan Apps In India From Credit Platforms

Don’t worry if you’re looking for a short-term personal loan but aren’t sure which app to use. Below we have provided some of the most popular Best Instant Loan Apps In India so you can compare them and choose the best one for you.

  1. SmartCoin
  2. MoneyTap
  3. Bajaj Finserve
  4. CASHe
  5. EarlySalary
  6. Kredit Bee
  7. Credy
  8. IDFC First Bank
  9. Dhani
  10. StashFin
  11. RupeeLend
  12. PaySense
  13. mPokket
  14. Nira
  15. FlexSalary
  16. MoneyView
  17. PayMe India
  18. ZestMoney
  19. IDFC First Bank
  20. India Lends
  21. Capital First Limited
  22. AnyTime Loans

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1. Smart Coin Loan App

On our list of the top 22 best instant loan apps in India, Smart Coin comes in first. Because the mobile-based digital lender and the unique algorithm typically help in the comprehensive risk-free investigation of all the applications, the lending platform is arguably renowned and reported as one of the greatest instant personal loan apps across the South Asian country.

To evaluate all of the numerous types of applications, the Smart Coin system employs data science, artificial intelligence, and machine learning. You can also receive lower-interest loans ranging from INR 1,000 to INR 25,000 with terms ranging from 91 to 120 days.

To begin using the application, you must first download it and register with it. After that, you’ll need to upload all of your documents for KYC, and after that’s done, you’ll be able to acquire immediate loans quickly. However, in order to obtain substantial loans, you must have a solid credit rating. You can also apply for shorter credit periods, which will allow you to qualify for additional loans in the future.

Features of Smart Coin Loan App :

  • Monthly Interest Rate – 2.5 to 3 percent
  • 25,000 rupees is the maximum loan amount.
  • Rs. 1,000 is the minimum loan amount.
  • PAN card, address proof, selfie, photo ID evidence, bank statement are all acceptable forms of documentation.
  • Loans with no collateral, loans that can be repeated quickly Processing is simple and requires the least amount of paperwork. Bank Wire Transfer

Check out their website

2. MoneyTap Loan App

MoneyTap is one of India’s rising stars in the rapid instant loan app market. It comes in second place on our list of the top 22 best rapid loan apps in India.

You may simply acquire a fast loan with MoneyTap, and all you have to do is download the mobile app. So, how does it function? To get started, you must first download the application and register on the same website. After you’ve registered, you’ll need to fill out the KYC paperwork and wait for final approval. After that, based on your credit score, you can acquire a credit up to an allowed amount of INR 5,00,000, which you can use to buy everyday essentials, pleasures, travel, and so on.

MoneyTap is one of India’s rising stars in the rapid instant loan app market. It comes in second place on our list of the top 22 best rapid loan apps in India.

You may simply acquire a fast loan with MoneyTap, and all you have to do is download the mobile app. So, how does it function? To get started, you must first download the application and register on the same website. After you’ve registered, you’ll need to fill out the KYC paperwork and wait for final approval. After that, based on your credit score, you can acquire a credit up to an allowed amount of INR 5,00,000, which you can use to buy everyday essentials, pleasures, travel, and so on.

Features of MoneyTap Loan App:

A 100% paperless approach and online loan approval. Only pay interest on the amount borrowed. Flexible EMI terms of 2 to 36 months are available. Loan with no collateral, approval in 4 minutes API and interface security, Variable interest rate for the loan amount borrowed.

  • Monthly Interest Rate — 1.08 to 2.3 percent
  • Amount of Maximum Loan – Rs. 5,00,000
  • 3,000 rupees is the minimum loan amount.
  • Selfie, PAN card, and proof of current address (electricity bill/ration card/gas bill, or postpaid mobile bill/telephone bill/broadband bill). Photo identification (passport, driver’s license, voter ID, or Aadhar Card), Statements from the bank Credit card statement, rental agreement

Check out their website

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3. Bajaj Finserve Loan App

When it comes to personal financing, Bajaj Finserve is one of the most well-known businesses, having been around for more than a decade. It is yet another shining star in India’s segment of fastest immediate loan apps. On our list of the top 22 best instant loan apps in the country, we ranked it third.

They provide a wide range of services, making it one of the finest personal loan apps. However, it is most known for financing consumer durables and other electronic devices. You can also get a zero-interest EMI card and use it to fund the majority of your expenditures.

Personal loans up to INR 25 lakhs are also available from Bajaj Finserve, and the amount depends entirely on collaterals and other credit rating and credit period papers. To obtain home loans, you will also require securities. They also provide investment plans as well as other items like as insurance, term loans, gold loans, and so on, making it a perfect location to finance yourself without fear of being taken advantage of.

Features of Bajaj Finserve Loan App:

  • Monthly Interest Rate – Starts at 12.99 percent.
  • Rs. 25,00,000 is the maximum loan amount.
  • Rs. 1,000 is the minimum loan amount.
  • Documentation – KYC paperwork, employee ID card, address evidence, identity proof, salary slips from the previous two months, and your salary account’s last three months bank statement
  • Instant loan approval, quick disbursement, no collateral, high maximum value Services across India, round-the-clock customer service, flexible financing options, and low EMIs

Check out their website

4. CASHe

CASHe, the fourth app in our list of the top 14 best loan applications in India, has established itself as the greatest instant personal loan app, and it justifies its position with the UI/UX it offers. You can easily log in and register on the app, and the dashboard contains all of the information you’ll need to get a fast loan.

You can choose from a variety of loans with a maximum amount of INR 5,00,000 and various interest rates and repayment terms. You can also make a direct deposit into the associated bank account.

You can also set up direct auto-debit for loan interest payments, which eliminates the need to visit the platform each time. There are also Buy Now, Pay Later partnerships with Flipkart, Amazon, Big Basket, and others, and you can choose to guarantee your debts with insurance policies.

Features of CASHe Loan App:

  • Monthly Interest Rate – Starts at 1.75 percent.
  • Amount of Maximum Loan – Rs. 5,00,000
  • 5,000 rupees is the minimum loan amount.
  • Proof of Income (pay stub), Proof of Identity (passport, Aadhar card, driver’s license, or voter identification), and Proof of Address (bills like electricity, gas, telephone, or maintenance), PAN (Personal Identification Number) card
  • Online application process, user-friendliness, privacy and security, 24/7 support,
  • low-interest rates are just a few of the benefits. Documentation for beginners

Check out their website

5. EarlySalary

On our list of the best 14 rapid loan apps in India, EarlySalary comes in fifth.

When it comes to any type of immediate financial demand, EarlySalary has to be one of the greatest one-stop solutions. As a result, it has become the greatest rapid personal loan app, and you can use the money for any personal purpose.

Whether you need money for shopping, travel, utility bills, or any other financial need, EarlySalary can help with instant loans that you can get approved for quickly.

If you’re prone to running out of money in the middle of the month? And you’re worried about how you’ll pay your bills for the rest of the month? When your next paycheck is a long way off, EarlySalary has you covered. This app is a one-of-a-kind personal loan app for salaried professionals, offering a loan amount of up to $5,000 for all of your needs.

You can acquire quick loans up to INR 5,00,000 for a term of up to 24 months, and low-cost EMIs are available on a variety of shopping and travel sites such as MMT, Flipkart, Amazon, and others. EarlySalary has also worked with educational institutions to allow students to invest in themselves while upskilling without fear of losing their job. EarlySalary has everything covered, from instant cash loans to EMIs on shopping and travel.

Features of EarlySalary Loan App:

Features include a loan amount of up to Rs. 5,00,000, a 100 percent digital process with minimal documentation, and a loan amount of up to Rs. Up to 60 months of flexible tenure is available. Only pay interest on the money you’ve spent.

  • Monthly Interest Rate — 2 to 2.5 percent
  • Amount of Maximum Loan – Rs. 5,00,000
  • 3,000 rupees is the minimum loan amount.
  • Pan Card, Address Proof, ID Proof, 3 Month Salary Slip (PDF) — Documentation is not required for all customers.

The company (EarlySalary) was established in the year 2015.

  • 3,000 is the minimum loan amount.
  • ₹5,000,000.00 is the Maximum Loan Amount: ₹5,000,000.00

Check out their website

6. Kredit Bee

When it comes to the top rapid loan apps in India, Kredit Bee has to be one of the most profitable platforms. This makes it one of the most recognized lending platforms in the country, and the mobile application’s UI makes it simple to use.

More than 20 million people have downloaded the app, and more than 2 million people are happy with the services it provides. To apply for loans here, you must be an Indian citizen above the age of 21 and have a valid PAN ID. To qualify for these fast loans, you must earn more than INR 10,000 per month as a salaried employee.

Depending on your credit score, you can borrow up to INR 1,00,000 for 62 days to 15 months at a maximum interest rate of 2.49 percent each month. It is the finest rapid personal loan app because of the additional benefits of easy credit to bank accounts, digital wallets, and so on.

Features of Kredit Bee Loan App:

Features include a 100% online application process, a low interest rate, a flexible loan length ranging from 3 to 15 months, and no credit history requirements. All Indian cities have services available.

  • Monthly Interest Rate – 2 to 3 percent
  • Amount of Maximum Loan – Rs. 1,00,000
  • Rs. 1,000 is the minimum loan amount.
  • Documentation – Proof of Identity (PAN card), Proof of Address (passport, Aadhar card, driver’s license, or voter ID), Bank Statement of Salary Account showing the salary credit for at least the last three months (only for salaried people), and Salary Slips for at least the last three months (only for salaried people) (only for salaried people)

Check out their website

7. Credy

Credy is our 7th choice since it is one of India’s most advanced rapid loan apps while also being one of the top 22. They claim that approvals are instantaneous and take less than a minute. However, comprehensive terms might take up to three hours to complete, and money is delivered within 24 hours.

When compared to most banks, Credy features an effective and quick online method that saves money. On a Rs 50,000 loan, the majority of customers pay only about Rs 400 in interest per month. As a result, it is the greatest app for immediate personal loans. Their quick response is an excellent example of customer service. They will assist you with your ongoing financial demands as well as any other needs you may have at any time. You can always make on-time payments and apply for additional credit.

Credy even has a responsive and helpful customer support team. For any assistance with loan applications or repayments, you can use their website, IVR, and mobile app. You can also acquire rapid loans without submitting any paperwork.

Features of Credy Loan App:

Features include a loan of up to Rs. 1 lakh in 5 minutes, direct salary verification, and instant approval. Get a decision on loan conditions in real time. Sign the loan agreement digitally. Direct deposit of funds into your bank account Payback in easy EMIs, round-the-clock customer service, referral bonuses, no hidden fees, and a variety of interest rates and loan terms are all available.

  • Monthly Interest Rate – 1 to 1.5 percent
  • Amount of Maximum Loan – Rs. 1,00,000
  • Rs. 10,000 is the minimum loan amount.
  • PAN card, latest 6-months salary account statement, ID proof, photograph, and address proof are all required documents.
  • Paystubs, rent agreements, and loan closure certificates from earlier loans may be requested in some situations.

Check out their website

8. IDFC First Bank Bank Loan App

On our list of the top 22 best instant and reliable loan apps in India, IDFC First Bank is ranked eighth.

This is the digital lending platform you should download and use if you need a considerable amount of money. The procedure is straightforward, and you can get your loan amount approved in a matter of minutes. The repayment method is similarly flexible, with you having the option of repaying the loan in easy EMIs over a period of 1 to 5 years.

Existing clients can also take advantage of the company’s services, which include access to loan account information, statement information, outstanding balances, payment dates, and the ability to submit service requests.

Incorporated in the year 2018

Features of IDFC First Bank Loan App:

Loan Amount: N/A Minimum Loan Amount: N/A

Loan Amount: $40,000 Maximum Loan Amount: $40,000

Check out their website

9. Dhani

Dhani is the 9th top trustworthy fast loan app in India on our list. This is also one of the top loan apps in India in 2022, backed by Indiabulls Ventures. You can apply for a personal loan on the lending platform at any time, from anywhere, and for any purpose. You can receive an unsecured loan quickly if you don’t have any physical documentation. To verify your PAN, Aadhar number, and address, all you have to do is download the app and enter your information.

It began as a drugstore but has now expanded to include money lending services. Dhani is one of the greatest no-documents rapid loans, and many outstation students rely on it to make ends meet while working part-time. You can easily obtain a quick loan of up to INR 5,00,000, with interest rates that are both easy and affordable. Every transaction will also earn you 2% cashback, which you may spend for future redemptions and services.

The loan money is disbursed to the bank account within minutes, or three minutes, according to the app’s claims. You have 3 to 36 months to repay the loan.

Indiabulls was founded in the year 2000, and Indiabulls was founded in the year 2017. (launch of the app)

Features of Dhani Loan App:

  • $1,000 is the minimum loan amount.
  • The maximum loan amount is $15,000,000.00.

Dhani Loans and Services Limited, previously known as Indiabulls Consumer Finance Limited, is a 100% subsidiary of Dhani Services Limited and is a non-deposit taking NBFC licensed with the Reserve Bank of India. As the banking and financial sectors were revolutionized by digitization, the company saw an opportunity and launched Dhani Loans and Services Limited, a retail lending company.

Dhani is an entirely online personal loan fulfillment service that deposits funds straight into customers’ bank accounts. The product was created to meet the aspirational aspirations of the average Indian by facilitating their personal loan needs with speed and simplicity. DLSL offers business and other loans to small and medium firms in addition to personal loans.

Check out their website

10. StashFin

StashFin was formed by a collection of financial, banking, and technological specialists. It’s a mobile money lending software that provides loans ranging from $1,000 to $5,000,000. The loans can only be repaid electronically. The loan can last anything from 3 to 36 months. On StashFin loans, there are no hidden fees.

The year the company was founded was 2016.

$1,000 is the minimum loan amount.

Loan Amount: $5,000,000.00 Maximum Loan Amount: $5,000,000.00

3 simple steps on how to apply for StashFin Loan

To improve your credit experience, follow the three simple, step-by-step instructions below.

Online forms that are simple and quick to fill out

1. Complete the required fields.

To get your application approved in minutes, fill out simple application forms and share your online banking information.
Please submit the bare minimum of papers.

2. Documents must be submitted for verification.

Upload simple KYC documentation to the website or app to get your funds verified quickly

3. Get Money Right Away

Voila! You’ve completed the task. Within 4 hours, you will receive funds. It’s as simple as placing a pizza order.

Check out their website

11. RupeeLend

Rupeelend, the 11th best rapid loan app in India, was founded in 2015 as a digital finance startup that provides individuals and businesses with short-term credit.

It is now operational in Bangalore, Mumbai, and the National Capital Region (NCR). The online personal loan application process takes only 3 minutes, and speedy loan decisions are guaranteed. Rupeelend is a safe and dependable personal lending app for short-term financial needs.

RupeeLend is available in most of India’s major cities. The software uses a revolutionary technique of disbursing loans that is easy, quick, and eliminates the need for extensive paperwork and meetings. It recognizes that clients may require money urgently and cannot wait long to receive it.

RupeeLend offers to provide loans to new customers in two hours and to returning customers in ten minutes. This makes it one of the country’s fastest immediate lending apps. It also features a loan customisation option, which allows consumers to rapidly choose the loan amount. Furthermore, you can foreclose the debt without incurring any further fees.

Check out their website

12. PaySense

That’s one of the top no-salary-slip rapid loan apps in Nigeria, and it just joined with LazyPay to become one of the best platforms in the area.

For any work, you can acquire immediate personal loans ranging from INR 5,000 to INR 5,00,000, and you won’t have to wait long for approval. The best part is that you won’t have to worry about running out of time because this platform is known for approving requests quickly.

What makes this platform the finest app for obtaining a quick personal loan? It’s because the documents can be picked up immediately from your house, eliminating the need to courier or scan for digital copies. They also provide a variety of low EMI plans that make loan payments simple and hassle-free.

If you require another loan, you may do it with a single click because all of the necessary documents has already been recorded.

Features of PaySense Loan App:

  • Monthly Interest Rate – 1.08 to 2.33 percent
  • Amount of Maximum Loan – Rs. 5,00,000
  • 5,000 rupees is the minimum loan amount.
  • Proof of identity (Aadhar card/PAN card), proof of address (Aadhar card, utility bills, or rental agreement), proof of income (bank account statement), and a photograph are all required pieces of documentation.
  • End-user flexibility, low-interest rates, no collateral required, no credit score required Documentation is simple. Quick approvals and payments

Check out their website

13. mPokket

mPokket is a website that specializes in short-term loans for students and salaried individuals. On our list of trusted rapid loan apps in India, it ranks 13th. It enables you to obtain rapid, instant cash with prior permission, allowing you to alleviate your cash need and complete your everyday activities and chores.

One best aspect of the low-interest loan app is that you may transfer the funds from your approved short-term loan to any digital wallet, such as PayTm or bank accounts. There’s no need to open a new bank account or use the UPI system.

You can also buy directly from internet portals, which makes transactions easier for consumers. One of the reasons why people enjoy using mPokket on a regular basis is because of this.

Salaried employees can get up to INR 30,000 in short term loans with just their evidence of employment and salary credits. Apart from their membership in any institution, students do not require any documentation.

Features of PaySense Loan App:

Features include: applying directly with an ID card, a 100% online procedure with minimal documentation, and a 100% online process with minimal documentation.

Within 24 hours, your application will be approved, and the funds will be deposited into your bank account or PayTM wallet. Repayment is simple with a variety of alternatives. Gives you a decent credit score.

  • Monthly Interest Rate – Starts at 3.5 percent.
  • 30,000 is the maximum loan amount.
  • Loan Amount – Rs. 500 Minimum Loan Amount
  • Identity evidence (voter card/ driving license/ passport/ Aadhar card), College ID card, PAN card; Identity proof (voter card/ driving license/ passport/ Aadhar card), PAN card, Form 16, Firm’s ID card, Salary slip of the bank account where your salary is credited by your company;

Check out their website

14. Nira

Nira is also a terrific money lending app, coming in at number 14 on our list of India’s top 22 best loan apps. In just 3 minutes after downloading the app, you may find out if you qualify for the loan. If you qualify, you will be issued a $1,000 credit line. You can take out up to $5,000 or more whenever you need it and pay it back in 3 to 24 months in convenient installments.

The best part is that you don’t need a perfect credit score to qualify. Nira is a good alternative if you need money right now. Seed funding for the app totaled $1 million.

Incorporated in the year 2018

5,000 is the minimum loan amount.

a maximum loan amount of $1,000,000 a maximum loan amount of $1,000,000 a maximum loan amount of $1,000,000 a maximum loan amount

Check out their website

That has been the 14 Best Instant Loan Apps In India. If this article has been of help to you, why not share it with friends on social media through any of the sharing buttons below?

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